Housing Markets Continue Gradual Climb Back to Normal – Can the homebuyer find you?

Source:  NAHB.com [August 04, 2016]

Markets in 146 of the approximately 340 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the second quarter of 2016, according to the NAHB/First American Leading Markets Index (LMI) released today. This represents a year-over-year net gain of 66 markets.
The index’s nationwide score ticked up to .97, meaning that based on current permit, price and employment data, the nationwide average is running at 97% of normal economic and housing activity. Meanwhile, 91% of markets have shown an improvement year over year.
housing
“This gradual uptick is in line with NAHB’s forecast for a slow but steady recovery of the housing market,” said NAHB Chairman Ed Brady. “With a strengthening economy, solid job growth and low mortgage interest rates, the market should continue on an upward trajectory throughout the rest of the year.” [read full article]

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